2Established in 1990 1 9 years in the Russian Financial Market

OJSC “CHELINDBANK” – the major universal bank in the Chelyabinsk region

Since 1996 – the principal member of VISA INTERNATIONAL A professional participant of the securities market Joint projects with EBRD Participant No 1 of the Deposit Insurance System

Customer base – more than 17,7 thousand of legal entities and entrepreneurs, 580 thousand of individuals The amount of issued VISA cards – 329 thousand. Customer service network – app. 56 of structural units in the Chelyabinsk Region, a branch in Yekaterinburg, representative office in Moscow, 135 ATMs

Activity Key Figures as of January 1st, 2010

Assets - 25,5 billion rubles Ratios: Customer loans- 13,0 billion rubles Capital adequacy ratio (N1) - 23,3% (min 10%) Individual Deposits – 12,6 billion rubles Quick liquidity ratio (N2) - 52,8 % (min 15%) Enterprise assets - 4,8 billion rubles Current liquidity ratio (N3) - 86,3 % (min 50%)

Capital – 4,6 billion rubles Long-term liquidity ratio (N4) - 56,1 % (max 120%)

Financial Statements IFRS FS – PriceWaterhouseCoopersaudit RFRS - PeterburgBankAudit (since 1995)

3

MISSION

We are the major universal bank in the Urals Region.

We create and maintain the customer base and establish mutually beneficial relations with customers.

We feel committed to participate in spheres of activities of our customers providing them with the wide range of banking services meeting their requirements and complying with the international banking practice and standards.

We ensure absolute fulfillment of all obligations undertaken to our partners and gaining profit to our shareholders.

We conduct our business open for customers and shareholders in strict compliance with the Russian laws based on corporate management standards, fair competition, updated IT solutions and high professional level of the Bank executives and staff.

We reward our employees according to the contribution of each to the Bank results achieved.

We regard social demands with attention and together with local authorities aim at participating in promotion of social projects for the benefit of the society, growth and improvement of economy of the Chelyabinsk Region.

Licenses

CHELINDBANK has the following licenses:• The General Banking License №485 dated 16/09/2002 issued by the Central Bank of Russia• The License on Banking Operations with Precious Metals № 485 от 16/09/2002• The Licenses entitling the Bank to operate as a professional participant of the securities market • The FSS (Federal Security Service) License entitling the Bank to work with means for cryptographic protection of information

The Bank belongs to the 26 Russian credit institutions that were the first to join the Obligatory Deposit Insurance System. State corporation “Deposit Insurance Agency” included OJSC “CHELINDBANK” into the register of participants of the Obligatory Deposit Insurance System under No1.

Participation in associations and unions:• Regional Banks Association “Russia”• Russian Banks Association• Principal member of VISA International Association (since 1996 года); has regional acquiring license of VISA International (since 2003)• Bills Market Members Association• Association of Industrial Enterprises and Banks of Chelyabinsk Region• South Urals Chamber of Commerce• SWIFT member

Participation in Exchanges:• Member of the Urals Regional Currency exchange (г. Yekaterinburg)• Member of Government Securities and Currency sections of Moscow Interbank Currency Exchange (Moscow)• Member of Stock Exchange of Moscow Interbank Currency Exchange (Moscow)• Member of Currency section of Siberian Interbank Currency Exchange (Novosibirsk)

4

5

Branch Network

CHELINDBANK has 28 branches, 17 outlets and 10 operational cash desks on the territory of the Chelyabinsk region and a branch in Yekaterinburg.

6

Ratings

CHELINDBANK is a major universal Russian regional bank. The main activity region of the Bank is the Chelyabinsk Region. According to the ranking of the “Interfax-100” as for the results of Q309 CHELINDBANK is ranked as the 102nd by assets and as the 77th by ownership capital among the major Russian banks.

Based on “RosBusinessConsulting” agency data according to the results of October 1st, 2009 among 1000 Russian universal commercial banks CHELINDBANK holds:

• 51-st position by personal savings• 75-th position by the volume of retail credit portfolio • 79-th position by the deposit portfolio• 92-nd position by the credit portfolio

According to the rating of "Expert-Urals" magazine as at October 01, 2009 CHELINDBANK is ranked as the 6th in the Urals region by the volume of retail deposits and as 8th by consumer loan portfolio, as the 7th by assets, as the 6th by corporate loan portfolio, as the 6th by corporate customer current accounts.

Fitch Ratings, belonging to the three leading international rating agencies, assigned CHELINDBANK Long-term Issuer Default (IDR) «В-» (B minus), Outlook “Stable”, National Long-term «ВВ+(rus)». CHELINDBANK is the first bank of the Chelyabinsk region to get ratings according to the international scale.

As at January 01, 2010: Shareholders’ Capital – 809 mln.rubles Capital – 4,6 billion rubles Assets – 25,5 billion rubles

Assets, Capital, Shareholders’ capital

7

17 486

2 676

600

20 381

3 093

809

22 920

3 496

809

25 463

4 617

809

0

5 000

10 000

15 000

20 000

25 000

30 000m

ln.R

UR

01.01.07. 01.01.08. 01.01.09. 01.01.10.

Dynamics of Assets, Capital and Shareholders' Capital

Assets, mln RUR Capital, mln RUR Shareholders' capital, mln RUR

8

Customer services

Services to corporate customers

Retail Banking Foreign exchange transactions and services

Bank cards services

• Cash and settlement services• Deposit operations• Lending• Guarantee operations• International settlements• Service of customers’ foreign economic activity• Salary projects• Issue and discount of bills• Collection• Remote banking service systems: «Client+Bank», «Telephone+Bank», «Client+Bank Online»• Securities market services• Operations with precious metals coins and bullions• Safe custody• Issue and service of corporate bank cards• Leasing

• Deposits in rubles and foreign currency• Lending• Issue and service of VISA cards• Transfers in rubles and foreign currrency (including Western Union, Migom, SWIFT operations,BLIZKO)• Foreign exchange purchase and sale operations• Individual payments to organizations for rendered services• Payments and other banking services provided via mobile phones to VISA card owners• Remote banking service systems: “Telephone+Bank”, “Client+Bank Online” • Operations with precious metals coins and bullions• Safe custody• Securities operations• Issue and discount of bills

• Foreign settlements in all forms internationally accepted: transfer, letter of credit, collection by SWIFT• Bank guarantees and confirmation of L/C by the first-class European and American banks with or without coverage• Individual foreign currency transfers without opening a current foreign currency account (including Western Union)• Foreign exchange transactions• Purchase and sale of foreign currency• Foreign exchange control• Transactions with currency with restricted convertibility

• Issue and servicing VISA Gold, VISA Classic, VISA Electron, • Acquiring in VISA system• Issue and servicing corporate local settlement system cards including “Bon Appetit” cards, co-branding cards • Corporate cards issue and handling• Regular payments from card accounts• Loans to cardholders

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Corporate banking

CHELINDBANK renders services to corporate customers of different industries, patterns of ownership and scope of activity. The Bank corporate customers are defense enterprises, enterprises of ferrous and non-ferrous industry, chemical industry, machinery manufacturing, food industry, travel agencies and trading companies etc.

Our customers are: FGUP PA «Mayak» CJSC «Unichel» Footwear companyFGUP «RFYAC-VNIITF» Grains and Bread Products company n.a. GrigorovichJSC «Chelyabinsk Zinc Plant» OJSC «Chelyabvtormet»JSC «Ufaleynickel» “Pokrovsky Passage” Chain Store systemJSC «Ashinsky Metallurgical Plant»

4 940

1 308

5 727

1 162

6 524

1 633

4 755

784

0

1 000

2 000

3 000

4 000

5 000

6 000

7 000

мл

н. р

уб.

01.01.07. 01.01.08. 01.01.09. 01.01.10.

Corporate funds

Corporate funds including corporate deposits

7 615

1 462

8 579

1 640

10 086

1 658

8 743

1 126

0

2 000

4 000

6 000

8 000

10 000

12 000

млн

. руб

.

01.01.07. 01.01.08. 01.01.09. 01.01.10.

Corporate loans

Corporate loans including sole proprietors

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Cooperation with the EBRD The Bank has been dealing with small and medium business lending under the EBRD program for more than six years. As at 01.01.2010 the EBRD has provided CHELINDBANK with a 1,9 mln. USD and 260 mln. rubles loans for small business development. The Head office and 29 branches are taking part in the program. As at January 01, 2010 CHELINDBANK has granted approximately 4,2 thousand of small and micro loans for the total amount of 1,6 billion RUR.

Since 2002 CHELINDBANK enjoys the facilities of the EBRD Trade Finance Program enabling the Bank to work with over 700 world leading finance institutions having similar agreements with the EBRD.

In September 2006, the Bank and the EBRD entered into a loan agreement for mortgage financing. According to the terms of the Agreement the EBRD provides the Bank with the loan of 140 mln RUR for 7 years.

1 439

1 706

1 883

1606

0

200

400

600

800

1 000

1 200

1 400

1 600

1 800

2 000

мm

ln.R

UR

01.01.07. 01.01.08. 01.01.09. 01.01.10.

SME loans

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Retail Banking

The Bank offers its customers consumer loans, auto loans, mortgage loans, lending within the frameworks of salary projects.

As at 01.0.10 total amount of granted retail credits comprised 3,7 billion rubles. The Bank has granted approximately 60 thousand of loans.

Retail service development is one of the Bank’s priorities.

The Bank offers a wide range of time deposits, that makes possible different variants of depositing and saving individual funds.

As at 01.01.10 total amount of attracted individual funds comprised approximately 12,6 billion rubles.

3 401

4 491

5 427

3 737

0

1 000

2 000

3 000

4 000

5 000

6 000

mln

RU

R

01.01.07. 01.01.08. 01.01.09. 01.01.10.

Individual loans Dynamics

Individual loans dynamics

5 686

1 258

7 644 7 563

1 699

9 652

8 253

1 613

10 29410 562

1 664

12 618

0

2 000

4 000

6 000

8 000

10 000

12 000

14 000

млн.

руб.

01.01.07. 01.01.08. 01.01.09. 01.01.10.

Individual funds

Individual time deposits Card account funds Total individual funds

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Operations with bank cards

As at 01.01.2010 the amount of VISA cards holders comprised more than 309 thousand.

In Chelyabinsk and other towns of the Region 137 ATMs and 427 point-of-sale terminals have been installed.

More than 1,8 thousand of agreements for corporate service in the framework of salary projects with the use of bank cards have been signed.

284

299

317

311 309

265

270

275

280

285

290

295

300

305

310

315

320

тыс.

шт.

01.01.07. 01.01.08. 01.01.09. 01.10.09. 01.01.10.

Number of holders of VISA cards issued by Chelindbank

Number of customers, thousand

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CHELINDBANK Assets Structure

CHELINDBANK Liabilities Structure

At 01.01.2010 Assets comprise 25 462,8 mln. RUR:

• Cash & due from Central Bank– 1 950,7 mln. RUR• Due from Banks – 3 208,3 mln. RUR• Securities – 2 821,8 mln. RUR• Customer loans – 13 036,4 mln. RUR• Fixed assets – 3 099,2 mln. RUR• Other assets– 1 346,4 mln. RUR

At 01.01.2010• Due to Banks – 753,3 mln. RUR• Due to corporate customers – 4 755,0 mln. RUR• Individual deposits – 12 618,3 mln. RUR• Securities – 44,7 mln. RUR• Other liabilities – 109,4 mln. RUR• Shareholders’ equity – 4 954,2 mln. RUR• Loss provisions – 2 227,9 mln. RUR

на 1 января 2010 года

Securities11,1%

Due from Banks12,6%

Other assets 5,3%

Cash & due from Central Bank

7,7%

Customer loans51,2%

Fixed assets12,2%

As at January 01, 2009

Cash & due from Central Bank

7,2%Due from Banks

6,8%

Securities

9,1%

Other assets

2,1%

Fixed assets

7,3%

Customer loans

67,5%

As at January 01, 2009

Due to Banks4,1%

Shareholders' equity15,2%

Loss provisions6,3%

Individual deposits44,9%

Securities 0,7%

Other liabilities 0,4%

Due to Corporate customers

28,5%

As at January 01, 2010

Due to Banks

3,0%Loss peov isions

8,7%

Due to Corporate

customers

18,7%

Indiv idual deposits

49,6%

Securities

0,3%

Other liabilities

0,4%

Shareholders'

f unds

19,5%

Financial results RFRS(published reports)

15

Figures 2009 2008

Total assets

Cash and due from Central Bank

Due from banks

Net lending receivables

Securities owned, net

Fixed Assets, intangible and tangible

Other assets

23 370 666

2 093 981

1 310 652

13 505 242

2 799 839

3 478 536

182 416

23 092 923

1 671 733

521 024

15 369 309

2 044 698

3 162 086

368 946

Total liabilities

Amounts owed to banks

Customer funds, total

Including individual deposits

Other liabilities

18 415 372

753 264

17 458 632

12 618 331

203 476

18 139 178

948 713

16 885 656

10 294 253

304 809

Capital 4 955 294 4 953 745

Net interest and similar income

Net fees and commissions received

Provisions changes

Operational charges

Profit after taxation

1 461 231

558 520

-921 473

1 143 421

245 596

1 575 257

631 505-528 387

1 288 333

513 845

Requirements:

N1(min 10%)

N2 (min 15%)

N3 (min 50%)

N4 (max 120%)

ROA*

ROE*

23,3

52,8

86,3

56,1

1,05 %

6,0 %

18,6

38,2

78,3

87,1

2,48 %

15,18 %

* According to calculation methods of the Bank of Russia № 1379-U